The Industrial Union of Donbass (ISD) corporation doesn’t expect an aggressive recovery of its $60 million debt on behalf of the Cyprus-based Reachcom Limited, after the Ukrainian courts acknowledged the writ of the London International Arbitrary Court.
In January-September DTEK companies mined 21.4 million tons of coal, down by 25.6% YoY. Ordinary coal processing totaled 14.7 million tons, while concentrate manufacture fell to 8.9 million tons.
Implementation of the pulverized coal at Dneprovsky Iron and Steel Works named after Dzerzhinsky blast furnaces prevented the halt of the company, says the Industrial Union of Donbass (ISD) executive director Maxim Zavgorodny.
Last year Ukraine consumed 4.8 million tons of steel, down by 24% as compared with 2005.
In Q4 global market steel prices have fallen considerably.
Mariupol Ilyich and Azovstal Iron and Steel Works have switched to the policy of economy.
Zaporozhye Titanium and Magnesium Works, a part of Group DF, has chosen the Institute of mining and chemical industry (Lviv) to carry out design and survey work for reconstruction of a part of spongy titanium manufacture and assembling site.
Workers from the mine named after Stakhanov in Donetsk region have gone on strike demanding the payment of the indebted salary.